Mount Fuji, Japan

Japan PMI October 2022

Japan: Composite PMI rises in October

The au Jibun Bank Composite Purchasing Managers’ Index (PMI) came in at 51.8 in October, up from September’s 51.0. Consequently, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in private sector operating conditions compared to the previous month.

Meanwhile, the manufacturing PMI stood at 50.7 in October, down from Septembers 50.8. Lastly, the services PMI activity index increased to 53.2 in October (September: 52.2).

The stronger print in October was spearheaded by the services sector, which benefitted from the recent relaxation of border restrictions and a government program to subsidize domestic travel. Faster growth of employment and output outweighed slower growth of new orders. However, the rise in the composite PMI was hampered by a weaker manufacturing PMI. Output and new orders in the manufacturing sector contracted for the fourth consecutive month as input inflation remained elevated and output inflation rose at a series-high pace. With price pressures remaining high, overall business confidence in the two sectors fell to a six-month low.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest